What is the term of a typical lease?
How is the rent quoted?
What is the tenant's option for termination or break?
Typically, the tenant does not have the right to terminate the lease.
Does the tenant have the option to renew? What is the length of the typical option?
Typically, the tenant has the right to renew, with an average length of 3-5 years.
How is the rent determined at renewal?
Fair Market Rent
What is the typical rent-free period, if any?
1/2 month per year of term
What is the typical rent escalation?
Does the tenant have the right to sublet?